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Dec 6, 2012
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boehner i think is trying to rise above partisanship and get a deal. i think he's been very valiant. but sit going to take a toll on the gop internally? >> larry, i was at a very prominent conservative meeting in washington today, and you know who showed up? a congressman from kansas. he was booted off of his committee earlier today and he was very angry talking to conservative activists. here's why conservatives are angry. as this fiscal cliff negotiations continues, they think boehner is trying to warn conservatives about going against any kind of deal he cuts with the white house. so as a warning, boehner is saying i'm going to boot you off your committee if you go against something i do. a lot of conservatives don't like it when he plays hardball. they're going to continue to fight back just like senator demint is doing right now. >> but he's also going to lose some votes on the moderate side. a couple dozen republican house members signed a bipartisan letter that says let's look at all kinds of tax rates, not just the deduction, but tax rates in r
boehner i think is trying to rise above partisanship and get a deal. i think he's been very valiant. but sit going to take a toll on the gop internally? >> larry, i was at a very prominent conservative meeting in washington today, and you know who showed up? a congressman from kansas. he was booted off of his committee earlier today and he was very angry talking to conservative activists. here's why conservatives are angry. as this fiscal cliff negotiations continues, they think boehner...
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Dec 21, 2012
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boehner's going to make a pitch. cantor's going to make a pitch and mccarthy make a pitch and the fact they're are in there. >> paul ryan. >> the fact they're in there says they're in trouble. >> yes. the fact that they're there says they are in trouble, and speaking of somebody who was once a page way back when, you know, they will turn to paul ryan to look to him to give encouragement to the troops. the only one who can speak to the kind of crazy folks who right now are not with their speaker. >> a great point. go to paul ryan. i wonder if they're go to grover norquist and do it on a telephone loud speaker? grover backed it. >> to get the flavor about this. when you had boehner disciplining certain house members and taking them off committees. particularly the three who were conservatives, even though he replaced them with conservatives, that started a fund-raising opportunity for a lot of groups that felt he wasn't being conservative and felt part of the reason the election was lost was that those principles had n
boehner's going to make a pitch. cantor's going to make a pitch and mccarthy make a pitch and the fact they're are in there. >> paul ryan. >> the fact they're in there says they're in trouble. >> yes. the fact that they're there says they are in trouble, and speaking of somebody who was once a page way back when, you know, they will turn to paul ryan to look to him to give encouragement to the troops. the only one who can speak to the kind of crazy folks who right now are not...
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Sep 6, 2012
09/12
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the problem for boehner is that he has a deal with a very unruly conference. folks that do not want to cut a deal on increase in taxes or a deal. and the same goes for the president. he has to do deal with a caucus that's getting a lot more than what republicans thought he would get. both sides will have to stand up to their bases and there's no seen at this point that either are willing to do that. >> gentleman, did i read correctly that nancy pelosi would mute the president when he would call her and start an impromptu lecture or speech? what does that say about the president working within his own party. >> it's funny, nancy pelosi denies having muted that phone call. it's true, the president has not spent a lot of time fostering those relationships on the hill. he doesn't have the close ties even money members of his own party. the president has want today do that to make him look better politically as well. >> thank you, both. intriguing storying coming out again, we'll all want to the read i'm sure. >> you would not mute the president, would you bill? >>
the problem for boehner is that he has a deal with a very unruly conference. folks that do not want to cut a deal on increase in taxes or a deal. and the same goes for the president. he has to do deal with a caucus that's getting a lot more than what republicans thought he would get. both sides will have to stand up to their bases and there's no seen at this point that either are willing to do that. >> gentleman, did i read correctly that nancy pelosi would mute the president when he...
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Dec 21, 2012
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you see, boehner had a plan where he was just spending cuts. and just increasing tax rates on millionaires and he couldn't get enough caucus. >> that's my question to you, zachary. that caucus that is so hard core to the right, there isn't a single thing. if the democrat had an epiphany and said, we love ryan he plan for vouchers for medicare, would the tea party vote to raise taxes? >> the only possibility there is you want to vote against something before you vote for it. we saw that years ago. so maybe it was a symbolic vote. but this principle of not voting for any tax increase and rates seems to be enviable. >> so you are telling me, there is nothing democrats could offer to make them budge? anything? >> i don't know if there is anything. but nothing being discussed as a conceivable option. >> so you would agree with that we're going over the cliff? >> i would say there's a very good chance. i think that democrat have some incentive and to do that because they come back january 3rd with a stronger hand in the senate. more seats in the hous
you see, boehner had a plan where he was just spending cuts. and just increasing tax rates on millionaires and he couldn't get enough caucus. >> that's my question to you, zachary. that caucus that is so hard core to the right, there isn't a single thing. if the democrat had an epiphany and said, we love ryan he plan for vouchers for medicare, would the tea party vote to raise taxes? >> the only possibility there is you want to vote against something before you vote for it. we saw...
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Dec 22, 2012
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boehner's plan "b" got defeated. is such a thing possible? or will we have to wait until the new year? >> we're probably going to have to wait until the new year, unless, of course, president obama comes back with this new plan -- the original plan that he had, which as you mentioned the $250,000 threshold. the fact is that boehner and obama's proposals really aren't that far apart right now. president obama wants $1 trillion in new taxes, john boehner has said he's willing to give $1 trillion. obama said he wants $800 billion in spending cuts, same thing for boehner. but the difference comes with the once again, the tax threshold. president obama originally said he would be willing to go with the $400,000 tax threshold. and as boehner said going off obama's words, he was willing to do it at $1 million. it comes down to what that threshold is. >> karen finney, i want to ask you about the same question, this ten days business. but i also want to amendment that question or expand it. how much damage did the republicans do last night by blowing
boehner's plan "b" got defeated. is such a thing possible? or will we have to wait until the new year? >> we're probably going to have to wait until the new year, unless, of course, president obama comes back with this new plan -- the original plan that he had, which as you mentioned the $250,000 threshold. the fact is that boehner and obama's proposals really aren't that far apart right now. president obama wants $1 trillion in new taxes, john boehner has said he's willing to...
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Dec 28, 2012
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. >> months and months of talks between the president and boehner, both times boehner could not deliver because they refuse because of grover norquist to allow any tax revenues whatsoever. they cannot cross over the threshold that has been built by grover norquist. >> grover norquist joins us now exclusively here on cnbc. grover, we just heard you are the target of those comments, but did harry reid get it wrong, because i thought that your organization actually gave its blessing to boehner's plan "b." >> reid has it wrong on a number of levels. the first, of course, is that the pledge that many congressmen and senators have made to oppose tax increases is made to the people of their state, not to me. in fact, harry reid now has the republican senator joining him from nevada who won because he made that commitment. he took the pledge, and the democrat that harry reid supported attacked him for taking the pledge, and the people of nevada said we want a senator who will stand with us against harry reid's tax increases, so -- and, of course, the issue that came up with plan "b" which was m
. >> months and months of talks between the president and boehner, both times boehner could not deliver because they refuse because of grover norquist to allow any tax revenues whatsoever. they cannot cross over the threshold that has been built by grover norquist. >> grover norquist joins us now exclusively here on cnbc. grover, we just heard you are the target of those comments, but did harry reid get it wrong, because i thought that your organization actually gave its blessing to...
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Dec 19, 2012
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the president and boehner came forward. >> we have to get through the next week. and get into a deal next year that is a major corporate tax reform pro poeposal and i thinkt what republican ares should do in this. because they are probably not going to get a lot in this. kick the can down the road. parameters. >> i don't love it, but if you put some. >> i'm going to be again one for one. >> one dollar revenue hike for one dollar spent is zero. >> but if you can get something next year, that will be significant. >> the increase in the budget deficit will be a lot in the next few years. >> that is the thing. you get over this hurdle as these ladies were saying, something is going to come out of that. and then you are going to come into more fiscal cliffs. we didn't cut spending so we are going bankrupt. so how is that going to work out? >> right. and that is what i was thinking as you guys were talking. kicking the can down the road. it is not going to work for markets or businesses. they need sernl ti acertainty. that would be one of the worst case nascenarios to h
the president and boehner came forward. >> we have to get through the next week. and get into a deal next year that is a major corporate tax reform pro poeposal and i thinkt what republican ares should do in this. because they are probably not going to get a lot in this. kick the can down the road. parameters. >> i don't love it, but if you put some. >> i'm going to be again one for one. >> one dollar revenue hike for one dollar spent is zero. >> but if you can get...
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Dec 28, 2012
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they also said that speaker boehner said in the meeting that he won't move anything until the senate moves first. and nancy pelosi called the meeting constructive and candid. that's the first indication we have on the record from one of the leaders about what happened in that meeting. all eyes are on the 6:30 p.m. house reconveninreconvening. what if anything will they be able to vote on? we don't know the answer as of now. we do know the president did not make any new offers in the meeting today. >> it is staggering for the president to call the congressional leaders in at 3:00 on a friday and tell them to come up with a plan, when that could have been the case this morning. to give them time to come up with a plan. >> you're right, i think based on what we know now publicly it would appear that the white house sort of let the expectations game get ahead of them here. because there was talk in washington early on in the day that there might be a mini deal pending. maybe an offer from the president. none of those peer to have been true. we're told the president went into the meeting
they also said that speaker boehner said in the meeting that he won't move anything until the senate moves first. and nancy pelosi called the meeting constructive and candid. that's the first indication we have on the record from one of the leaders about what happened in that meeting. all eyes are on the 6:30 p.m. house reconveninreconvening. what if anything will they be able to vote on? we don't know the answer as of now. we do know the president did not make any new offers in the meeting...
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Dec 19, 2012
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first, house speaker john boehner, which you're looking at right now. we decided to take a look at what the coming years of negotiations are going to look like for speaker boehner. can you see he doesn't look too bad, if he makes it to 107, looking okay there with the chiseled cheek bones. the president looks like he's aged less actually than the first term. seen all the pictures of him with the gray hair after the first term as president, but i would have to say that both men to make it to 107, scott and maria, not too bad of a feat inde indeed. >> i don't think that's what you're going to look like in your 60s, kayla. something tells me that you'll look a lot younger than those pictures show. >> the president and the speak remember probably going to feel like 107 by december 31st. >> probably feel like that right now. exactly. >> thanks, kayla. >> we're just off the lows of the day right now. the dow is down 56. the s&p 500 and the nasdaq negative with 25 minutes to go before we ring the bell. >> check out this back brace. i feel like you need it now.
first, house speaker john boehner, which you're looking at right now. we decided to take a look at what the coming years of negotiations are going to look like for speaker boehner. can you see he doesn't look too bad, if he makes it to 107, looking okay there with the chiseled cheek bones. the president looks like he's aged less actually than the first term. seen all the pictures of him with the gray hair after the first term as president, but i would have to say that both men to make it to...
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Nov 28, 2012
11/12
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listen to the speaker boehner sound bite that rallied the market earlier this morning. then on the other side i want to explain what he was actually saying there. take a listen. >> it's time for the president and democrats to get serious about the spending problem that our country has. but i'm optimistic that we can continue to work together to avert this crisis and sooner rather than later. >> now the market rallied on boehner saying he was optimistic. we saw a nice little balance in the dow jones after those comments came automatic. but the markets should not necessarily be rallying on everyone of these statements because lot of them are simply boiler plate, place holder kinds of statements that members of congress typically make. speaking of people up here on capitol hill, i also talked to goldman sachs ceo lloyd blankfein who told me or not way into the meetings today of what his vision is what the deal should actually be cut should look like. >> you don't want to burden people who are the least able to afford it. at the same time you don't want to disincentivize th
listen to the speaker boehner sound bite that rallied the market earlier this morning. then on the other side i want to explain what he was actually saying there. take a listen. >> it's time for the president and democrats to get serious about the spending problem that our country has. but i'm optimistic that we can continue to work together to avert this crisis and sooner rather than later. >> now the market rallied on boehner saying he was optimistic. we saw a nice little balance...
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Dec 13, 2012
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>> president obama and representative boehner have announced and boehner's office confirmed they will meet at the white house today at 5:00 p.m. eastern right after -- right after the closing bell, bill. >> right after. >> the point is the house has said they are going away for a long weekend tomorrow, and here we have boehner -- >> wait, don't go yet. >> getting this meeting in at 5:00 p.m., and it's amazing the market came halfway back just on that announcement. not that we have details of a deal, not that we know that we're having an agreement. just the fact that they are meeting. >> actually i thought they would come off the loews much more. >> you did. >> cut it in half, but it stalled here. >> we need more detail. it is encouraging. >> yeah. >> that they are talking. i mean, as long as you've got them in the same room. now, you know, john boehner has said he's leaving tomorrow, come hell or high water. he's going back home to get red for christmas. he says, you know, there is a telephone. >> not leaving for a long weekend. >> you can negotiate over the telephone? >> can't do it.
>> president obama and representative boehner have announced and boehner's office confirmed they will meet at the white house today at 5:00 p.m. eastern right after -- right after the closing bell, bill. >> right after. >> the point is the house has said they are going away for a long weekend tomorrow, and here we have boehner -- >> wait, don't go yet. >> getting this meeting in at 5:00 p.m., and it's amazing the market came halfway back just on that announcement....
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Dec 11, 2012
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house speaker john boehner said he's hopeful it will happen before the deadline, but speaker boehner making the case accepting the white house's plans would make the u.s. problems worse. listen to this. we did exactly what the president wants, we would see red ink for as far as the eye can see. that's not fixing our problem either. it's making it worse, and it's hurting our economy. >> so what's it going to take for both sides to come together and strike a deal? let's ask our next guest, congressman chris van hollen of maryland, the top congressman on the budget committee. welcome back. >> always good to be with you. i understand maria was just down on capitol hill. >> sorry i missed you. >> come on back. >> she will be back. we will all will, because we're all taking the temperature right now. how hopeful are you that you get a deal in a timely manner on this miss call cliff right now? >> well, i think there's a better than 50% chance that by the end of this month, so by december 31st, there will be an agreement, but obviously there are lots of hurdles to go before we get there. the
house speaker john boehner said he's hopeful it will happen before the deadline, but speaker boehner making the case accepting the white house's plans would make the u.s. problems worse. listen to this. we did exactly what the president wants, we would see red ink for as far as the eye can see. that's not fixing our problem either. it's making it worse, and it's hurting our economy. >> so what's it going to take for both sides to come together and strike a deal? let's ask our next guest,...
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Dec 18, 2012
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. >> rejection of how john boehner's plan "b" thatty had came out with today. the major averages are all trading around two-month highs today because it seems like progress is still being made on some kind of a deal. here's where we stand right now. the dow up 98 points, was up 125 at the high, and then the white house rejected and some comments by senate majority leader harry reid on that so-called plan "b" proposal from john boehner, sort of took some of the wind out of the sails. nasdaq still up 1.25%, a 3348 and the s&p 500 index is up 12-plus points right now at 1443. >> while the dow on pace for the first back-to-back triple-digit gains in nearly five months. can we hold on for the final hour? >> let's talk about that in our closing bell exchange. carol roth, the author of "entrepreneurial equation" is with us. from chicago, keith springer from springer financial adviser and john carpina is on the floor with us, and rick santelli, of course, is in chicago as well. carol, you've been skeptical about this market, but you, if i read you correctly, any rally
. >> rejection of how john boehner's plan "b" thatty had came out with today. the major averages are all trading around two-month highs today because it seems like progress is still being made on some kind of a deal. here's where we stand right now. the dow up 98 points, was up 125 at the high, and then the white house rejected and some comments by senate majority leader harry reid on that so-called plan "b" proposal from john boehner, sort of took some of the wind out...
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Sep 26, 2012
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obama had a chance to make a deal a year ago with john boehner and it fell apart because at the last minute obama demanded another $400 billion in revenues. it could have been a grand design deal. we were that close to it. i want to ask you, do you believe from mitt romney's business experience that he would be a better deal maker, taxes, revenues, tax reform, spending cuts, deficits, you know the drill. do you believe romney has a better background to be a better deal maker, because the deal is what we're going to need in washington. >> well, the chief deal maker and if that's the president, clearly the romney resume is better that way. but to have a deal, you need the other side. and so i think last year's event, each party was culpable there. and the other thing you'd say is, who's actually in the deal room? it's not just the chief negotiator. i negotiate deals at the last minute. i'm brought in at the last minute. the top guy isn't the guy that does the deal. he's the one that keeps the deal moving. and that's the failure that we've seen. that the deal simpson/bowles as our new c
obama had a chance to make a deal a year ago with john boehner and it fell apart because at the last minute obama demanded another $400 billion in revenues. it could have been a grand design deal. we were that close to it. i want to ask you, do you believe from mitt romney's business experience that he would be a better deal maker, taxes, revenues, tax reform, spending cuts, deficits, you know the drill. do you believe romney has a better background to be a better deal maker, because the deal...
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Dec 20, 2012
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. >> i know a lot of boehner's people. and john boehner is a really good guy. he just happens to have a rather crappy caucus and i think there a lot of republicans that would admit that that sit in my position. but it's simple, john boehner and barack obama are going to come up with a deal. it's going to be in the last week of the year. this is not the first time that a member of congress and a president have waited until the last me lastment to do something. but the idea that we're going to -- >> jimmy isn't what is most important is republicans are signaling they're trying to move to the center here, they're letting the tax rates expire on those making $1 million or more. it's between now and the end of the year does that threshold move? the republicans want a million dollars threshold on tax rates to expire, obama wants $400,000. where does that needle go in this final week? that's the question to me. >> fine, then let the needle move. i think it's going to be anywhere from $500,000 to $700,000 a year. >> i agree with you. >> if they do that is correct it's
. >> i know a lot of boehner's people. and john boehner is a really good guy. he just happens to have a rather crappy caucus and i think there a lot of republicans that would admit that that sit in my position. but it's simple, john boehner and barack obama are going to come up with a deal. it's going to be in the last week of the year. this is not the first time that a member of congress and a president have waited until the last me lastment to do something. but the idea that we're going...
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Jun 7, 2012
06/12
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he pulled the rug out from speaker boehner. that's been reported in reputable newspapers, very liberal newspapers. >> and the opposite is being reported as well. >> no, it is not, it's just factually wrong. >> that's the buffett rule. >> we're not going to sell this tonight. it's not personal, but i believe that president obama really needs some new advisers who are not ultra-left and ought to go to the clinton camp to get them, but that's another subject for another debate. mr. kasim reed, mayor reed, thank you very much, jennifer rubin and jimmy pethokoukis. back when president obama was able to bring both sides to the table for a budget deal. i'll ask his former chief of staff erskine bowles why president obama won't do it now by embracing simpson/bowles. ben bernanke warns congress we're hurtling towards a fiscal cliff, but bernanke did not pull the qe trigger. why didn't he? we'll debate. free market capitalism is the best path to prosperity. to the obama advisers know this? >>> all right. with this fiscal cliff quickly ap
he pulled the rug out from speaker boehner. that's been reported in reputable newspapers, very liberal newspapers. >> and the opposite is being reported as well. >> no, it is not, it's just factually wrong. >> that's the buffett rule. >> we're not going to sell this tonight. it's not personal, but i believe that president obama really needs some new advisers who are not ultra-left and ought to go to the clinton camp to get them, but that's another subject for another...
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Nov 9, 2012
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boehner's comments. they are interpreting it, according to traders i've talked to anyway, as an opening, if you will, which john, you really just mentioned. but eamon, we expect this event to happen momentarily, but how much influence do you think, if any at all, the congressional budget office detailing what might happen to the unemployment rate might have on these particular discussions? i mean they said that if all -- if we go over the fiscal cliff, that we might see an unemployment rate spike to above 9%. do you think that that pushes it a little bit for both sides to really get together and get something done? >> well, look. unemployment over9% is definitely an eye opening figure. but i think the folks in washington know this is a bad deal. they know it is a worst case scenario if we go over the fiscal cliff. there are some in both parties who argue that it might be best to actually go over the fiscal cliff for a variety of tactical and ideological reasons but most folks in washington, sort of where
boehner's comments. they are interpreting it, according to traders i've talked to anyway, as an opening, if you will, which john, you really just mentioned. but eamon, we expect this event to happen momentarily, but how much influence do you think, if any at all, the congressional budget office detailing what might happen to the unemployment rate might have on these particular discussions? i mean they said that if all -- if we go over the fiscal cliff, that we might see an unemployment rate...
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Dec 14, 2012
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boehner was also joined by an aide that boehner sources have not named. i don't want to read too much into this larry. but you can get a sense from the amount of people in the room that they're getting into at least some level of detail here. if it was just the two principals, you'd expect a more general conversation. with that number of people in the room, maybe some more details getting hashed out. both sides describing the meeting as a frank one. saying as they have been throughout this that the lines of communication are open, but no major announcement here after the meeting. no news here so far on what was actually traded in terms of offers and counteroffers here in this meeting tonight. >> i think any meeting is a good meeting. at least the lines of communication are open. treasury man geithner, he was the most hawkish on raising the top marginal tax rates, something that john boehner does not want to do. what do you think that bodes? you ly the geithner was making that case? we've got to raise the top rates? >> everybody who was in that roo
boehner was also joined by an aide that boehner sources have not named. i don't want to read too much into this larry. but you can get a sense from the amount of people in the room that they're getting into at least some level of detail here. if it was just the two principals, you'd expect a more general conversation. with that number of people in the room, maybe some more details getting hashed out. both sides describing the meeting as a frank one. saying as they have been throughout this that...
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Nov 29, 2012
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boehner just got dissed today? >> i think the president is reminding republicans that they lost and that after a vigorous come pain with many of the same ideas that the republicans are trying to defend now, that's goinged not -- if he's serious, he'll willing to make a deal but he's not willing to make a bad deal. on that the president is very firm. >> i wonder if he doesn't want high tax rates and caps on deductions so he can have more revenue to spend. the reason i have that logic is once again today at this campaign rally, or whatever today was, he didn't mention the word spending cut, never once. >> it's not in his vocabulary. one thing we know about president obama is he campaigns to the middle but he kind of straights from the left and what i fully anticipate is there's a reason why dick durbin, who was his senate partner from oil know, is saying which they went to 100% tax rate on million favors and people making above 250,000, it still isn't going to close the gap that exists. lfr maybe the the pie larger.
boehner just got dissed today? >> i think the president is reminding republicans that they lost and that after a vigorous come pain with many of the same ideas that the republicans are trying to defend now, that's goinged not -- if he's serious, he'll willing to make a deal but he's not willing to make a bad deal. on that the president is very firm. >> i wonder if he doesn't want high tax rates and caps on deductions so he can have more revenue to spend. the reason i have that logic...
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May 17, 2012
05/12
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with boehner, we saw what he did last time around. we don't mind that he forces the democrats, hard core leftists in the conversation, oh, they're trying to scare everybody again, it a rational conversation you have -- the problem is the party doesn't trust john boehner. >> he's out front. heap said any dollar increase in ceiling has to have at least a dollar reduction in spending and he wants the bush tax cuts extended so we don't go into another double dip recession. obama wants to raise taxes and does not want to cut spending. he's going to lose that battle politically, can he not? >> you can't say your hero is winning and president bushing the presidential corner when he has no leverage. the truth of the matter that the debt ceiling cliff that happens after november. so democrats could simply do nothing, the bush tax cuts expire that, would help to solve the deficit problem because that would introduce revenues into the system over the objections, wouldn't matter what republicans want to do. those tax cuts are going to expire at t
with boehner, we saw what he did last time around. we don't mind that he forces the democrats, hard core leftists in the conversation, oh, they're trying to scare everybody again, it a rational conversation you have -- the problem is the party doesn't trust john boehner. >> he's out front. heap said any dollar increase in ceiling has to have at least a dollar reduction in spending and he wants the bush tax cuts extended so we don't go into another double dip recession. obama wants to...
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Nov 28, 2012
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and i wonder if all this campaigning is going to make it more difficult for the president and john boehner to bring their wings of the parties back in for any sort of a deal. because it seems like both sides are getting their back up at this point. >> well, i don't think it's making it more difficult, becky. i think what happens is at the beginning of a negotiation, everybody is sort of staking out their positions and their demands. you know, the demand by democrats, for example, that social security and medicare not be part of this discussion, that's not a sustainable demand. everybody knows that entitlement programs, the president has said so, have to be part of this. now, exactly what proportion and when they're part of it, those are things that you can talk about, but, no, they are part of this deal. so are tax increases, and, you know, republicans taking out the position that, well, we can't touch tax rates, we can touch tax loopholes, everybody's got to wait and see how the math adds up. this is an extremely complicated and difficult thing. >> i don't think -- i don't think it's well
and i wonder if all this campaigning is going to make it more difficult for the president and john boehner to bring their wings of the parties back in for any sort of a deal. because it seems like both sides are getting their back up at this point. >> well, i don't think it's making it more difficult, becky. i think what happens is at the beginning of a negotiation, everybody is sort of staking out their positions and their demands. you know, the demand by democrats, for example, that...
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Nov 13, 2012
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there are -- boehner says down payment now. buy the boehner down payment zbh i don't like the down payment. i would be sorely disappointed if we missed this opportunity. i think somebody was telling me today the budget act of 1990 took 12 days to put in place. we know what all the issues are. i hope we won't be lacking courage just to go ahead and deal with big pieces of this. so -- i am in a different place than you on this. i think we ought to deal a -- in a big way with the fiscal reform. >> you want to grant design. that's very -- interesting point of view. >> doesn't have to be grand. we play to take two bites at it, debt ceiling coming up which i think, by the way, debt ceiling is the more important day personally than the fiscal cliff issue because we are not fiscal cliff is not going to happen. okay. simply is not going to happen. so -- to me, the focus ought to be on solvency and if we can deal with that and take a big step out of that, big step towards solving that, during this december, i agree with you. i think the
there are -- boehner says down payment now. buy the boehner down payment zbh i don't like the down payment. i would be sorely disappointed if we missed this opportunity. i think somebody was telling me today the budget act of 1990 took 12 days to put in place. we know what all the issues are. i hope we won't be lacking courage just to go ahead and deal with big pieces of this. so -- i am in a different place than you on this. i think we ought to deal a -- in a big way with the fiscal reform....
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Dec 21, 2012
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where's boehner? >> that's a good question, because if these sides, if president obama digs in his heels and john boehner did that to a certain extent, although he did leave the door open to working with democrats on a deal, we could see much more market reaction on monday in terms of risk to the downside at this point. >> monday is going to be a holiday shortened day. trading starts at 1:00 p.m. eastern. i wouldn't expect a whole heck of a lot of fireworks. next week remember there's less than six trading days left on the year. to me there's a lot of people with the s&p up 13.5% who are well vested in this thing not falling apart in the last few days because of shenanigans going on in washington. so you may see some window dressing. i do not expect things to fall apart. but i will tell you this, if there's any positive rhetoric and the thing moves higher, we get the s&p over 1450. the higher we go, very likely the lower we go in early january. >> how do you think we're setting up? dan makes a good po
where's boehner? >> that's a good question, because if these sides, if president obama digs in his heels and john boehner did that to a certain extent, although he did leave the door open to working with democrats on a deal, we could see much more market reaction on monday in terms of risk to the downside at this point. >> monday is going to be a holiday shortened day. trading starts at 1:00 p.m. eastern. i wouldn't expect a whole heck of a lot of fireworks. next week remember...
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Nov 29, 2012
11/12
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speaker boehner's comments pushed the market lower. then other comments brought them back a little bit. the dow is up just 45 points right now at 13,030. the nasdaq also trading higher today. last i checked, it was up 21 points. there it is at 3,013. that's about the high for the session. the s&p is up about seven points at 1416. >> a bit of a roller coaster ride today after fiscal cliff comments from both parties. >> eamon javers on capitol hill is following the drama, which changes moment by moment. >> absolutely, bill. it's been a bit of a roller coaster ride, as you say, on capitol hill with duelling press conferences today. follow along with me here on what each person said from each party and how that impacted the market, starting with speaker john boehner. here's what he had to say early in the day. >> despite the claims that the president supports a balanced approach, the democrats have yet to get serious about real spending cuts. and secondly, no substantive progress has been made in the talks between the house and the house o
speaker boehner's comments pushed the market lower. then other comments brought them back a little bit. the dow is up just 45 points right now at 13,030. the nasdaq also trading higher today. last i checked, it was up 21 points. there it is at 3,013. that's about the high for the session. the s&p is up about seven points at 1416. >> a bit of a roller coaster ride today after fiscal cliff comments from both parties. >> eamon javers on capitol hill is following the drama, which...
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Nov 7, 2012
11/12
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i think that that's what boehner said there. if it does require higher taxes, let's see what they are. don't start, you know -- don't rush the monkey, and you'll see a better show. >> you think they should get rid of the tax credit for the big oil companies, for example? >> what tax credit do they get? >> credits that they've been debating for the last two years now, whether they should end some of those tax credits that the oil companies have enjoyed. >> well, i don't know the tax credits. the oil companies give the same taxing as the manufacturing does and everything else. so when they talk about the tax credits, i don't quite -- they never -- they talk in vague generalities and don't specifically cite what tax credits you're talking about. i think the oil companies -- the only tax credit that could be that they haven't mentioned specifically is intangible drilling costs. that's an easy one to analyze. you cut the intangible drilling cost, you will cut the cap-ex budget for all the oil companies. that's what it amounts to. it'
i think that that's what boehner said there. if it does require higher taxes, let's see what they are. don't start, you know -- don't rush the monkey, and you'll see a better show. >> you think they should get rid of the tax credit for the big oil companies, for example? >> what tax credit do they get? >> credits that they've been debating for the last two years now, whether they should end some of those tax credits that the oil companies have enjoyed. >> well, i don't...
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Nov 8, 2012
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boehner is going to do. later on in the show, california's prop 30 passes to raise taxes on the wealthy. really? do they never learn that this will only backfire? former san francisco mayor willie brown is up next. i just want to know why we have to kill the california economy. because free market capitalism is always the best path to prosperity. i'm larry kudlow. we'll be right back. i'm a conservative investor. i invest in what i know. i turned 65 last week. i'm getting married. planning a life. there are risks, sure. but, there's no reward without it. i want to be prepared for the long haul. i see a world bursting with opportunities. india, china, brazil, ishares, small-caps, large-caps, ishares. industrials. low cost. every dollar counts. ishares. income. dividends. bonds. i like bonds. ishares. commodities. diversification. choices. my own ideas. ishares. i want to use the same stuff the big guys use. ishares. 9 out of 10 large, professional investors choose ishares for their etfs. introducing the ishar
boehner is going to do. later on in the show, california's prop 30 passes to raise taxes on the wealthy. really? do they never learn that this will only backfire? former san francisco mayor willie brown is up next. i just want to know why we have to kill the california economy. because free market capitalism is always the best path to prosperity. i'm larry kudlow. we'll be right back. i'm a conservative investor. i invest in what i know. i turned 65 last week. i'm getting married. planning a...
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Apr 18, 2012
04/12
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i think that undercuts the attacks on john boehner. i think the public gets that. >> i don't think the public separates the senate from the house. congress's approval rating is 19% or is it 9%? i can't remember what. >> one republican. >> it's a pox on both their houses. the senate doesn't get anything accomplished, in part because of the rules of the senate. you to have 60 votes before you can accomplish anything. >> they're avoiding budgeting. >> that's the thing. the budget includes taxes. the budget includes entitlements. the budget includes spending. the budget includes debt. they won't even take it up. aren't they a target, bob costas? >> you know what is really bigger target, if people say they don't care about the budget, they do care about the scandal like the gsa scandal. when they see government out of control, that's a real tangible example people can say we want to get government, rein it in and pass some better budgets. that's what people really pay attention to. >> this is one of the most tenuous connections i've ever he
i think that undercuts the attacks on john boehner. i think the public gets that. >> i don't think the public separates the senate from the house. congress's approval rating is 19% or is it 9%? i can't remember what. >> one republican. >> it's a pox on both their houses. the senate doesn't get anything accomplished, in part because of the rules of the senate. you to have 60 votes before you can accomplish anything. >> they're avoiding budgeting. >> that's the...
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Dec 7, 2012
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. >>> also, later on, did you hear john boehner today? >> four days ago we offered a serious proposal based on testimony of president clinton's former chief of staff. since then, there's been to counteroffer from the white house. instead, reports indicate that the president has adopted a deliberate strategy to slow walk our economy right to the edge of the fiscal cliff. >> former presidential candidate and vermont governor howard dean says bring it on. going over the fiscal cliff will actually help america. he's going to make his case, very bold statement there, to someone whose company will be decimated by the spending cuts to defense companies. you do not want to miss this confrontation. ricans are alwayso work hard for a better future. since ameriprise financial was founded back in 1894, they've been committed to putting clients first. helping generations through tough times. good times. never taking a bailout. there when you need them. helping millions of americans over the centuries. the strength of a global financial leader. the hea
. >>> also, later on, did you hear john boehner today? >> four days ago we offered a serious proposal based on testimony of president clinton's former chief of staff. since then, there's been to counteroffer from the white house. instead, reports indicate that the president has adopted a deliberate strategy to slow walk our economy right to the edge of the fiscal cliff. >> former presidential candidate and vermont governor howard dean says bring it on. going over the fiscal...
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Dec 28, 2012
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speaker john boehner calls the house back into session for sunday night. that stokes investor hopes for a fiscal cliff deal and this coming just a few hours after harry reid's comments sent the dow into a tailspin. we have complete coverage in this developing story which is happening tonight as we speak. also, as supplies from the obama team, ep achieve lisa jackson stepping down. can the coal companies finally breathe a sigh of relief? guess what happened in britain when the uk banned handguns. the surprising result that could change the gun control debate. "the kudlow report" start ises right now. >>> the big news tonight, still the developments in washington on the fiscal cliff, eamon javers joins us with the details. >> good evening, meshel. capitol hill sources tell cnbc that congressional leaders are planning to go to the white house tomorrow to meet with president barack obama and it is not entirely clear at this point when that meeting will take place and details are still being hammered out and we saw today a blistering series of rhetorical jabs f
speaker john boehner calls the house back into session for sunday night. that stokes investor hopes for a fiscal cliff deal and this coming just a few hours after harry reid's comments sent the dow into a tailspin. we have complete coverage in this developing story which is happening tonight as we speak. also, as supplies from the obama team, ep achieve lisa jackson stepping down. can the coal companies finally breathe a sigh of relief? guess what happened in britain when the uk banned...
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Nov 9, 2012
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john boehner has already had one. he's going to have a second one. looks like something good is going to happen. if that happens, let's put our optimistic hats on. how good would that be for stocks? >> well, we have the economy moving ahead slowly now. with an acceleration, i believe, coming from rising housing prices and rising housing starts. housing prices in this country, which have been going down for five or six years, in the last six months have started up and they're up broadry and stro rly in many markets. this is not only going to drive housing starts higher but be a tremendous positive for consumer confidence because along with stocks, the value of people's house, the biggest asset they have. it's been under downward pressure. now it's headed the other way. >> right. i agree. this may have had an impact on the election, by the way, because it's so important to individuals. but let me just take you through this. if the so-called fiscal cliff is solved, we avoid the big year-end tax increase, ken heebner, what concerns a lot of people is tha
john boehner has already had one. he's going to have a second one. looks like something good is going to happen. if that happens, let's put our optimistic hats on. how good would that be for stocks? >> well, we have the economy moving ahead slowly now. with an acceleration, i believe, coming from rising housing prices and rising housing starts. housing prices in this country, which have been going down for five or six years, in the last six months have started up and they're up broadry...
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Dec 13, 2012
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boehner coming up. let me tell you why. if you watched that -- and i know close to 1 billion people watched -- i couldn't help but think during the entire thing robin hood foundation, obviously if you know who robin hood foundation is, you know it's many of the major hedge funds, major players in the financial services. one of the greatest takeaways that i had walking out of that building, obviously the great entertainment was the following. when it was in the time of immediate need, it wasn't the government agencies. it wasn't fema. it wasn't the tax dollars going to the government to help people. it was the charities like robin hood that was immediately there. you saw it with the sanitation. you saw it with the first responders. and let me tell you what i thought about last night. i am sick and tired -- sick and tired of people like nancy pelosi and harry reid sitting here attacking the wealthy for more taxes. bring it on, they'll say. bring it on. but these are the most charitable people in the world. i'm not going to na
boehner coming up. let me tell you why. if you watched that -- and i know close to 1 billion people watched -- i couldn't help but think during the entire thing robin hood foundation, obviously if you know who robin hood foundation is, you know it's many of the major hedge funds, major players in the financial services. one of the greatest takeaways that i had walking out of that building, obviously the great entertainment was the following. when it was in the time of immediate need, it wasn't...
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Dec 7, 2012
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boehner came out and said we should raise taxes. >> i think boehner is doing the best he can to prevent marginal tax rates from rising. i think that's a very noble cause after conservatives and republicans lost in the last election. i think boehner's done the exact right thing. >> i've heard you make the bold case for conservatism on this show. we should advocate for what worked with ronald reagan. guess what? our economy took off. we got 20 million jobs and youth unemployment dropped 43%. and revenues doubled. >> that's not the issue. >> yes, it is. >> that's not john boehner's issue. john boehner didn't lose the presidency, my friend. and don't forget that. and by the way, conservatives did not win the presidency and conservatives did not win the senate. it was a lousy year. and you have to deal with that. and let me add one thing. i am a flat tax supply sider and i worked for ronald reagan. reagan compromised. he compromised in 1982 over a lousy deal which he regretted. he compromised in 1983 over a very good social security fix. and then he compromised again in 1986 over a very good
boehner came out and said we should raise taxes. >> i think boehner is doing the best he can to prevent marginal tax rates from rising. i think that's a very noble cause after conservatives and republicans lost in the last election. i think boehner's done the exact right thing. >> i've heard you make the bold case for conservatism on this show. we should advocate for what worked with ronald reagan. guess what? our economy took off. we got 20 million jobs and youth unemployment...
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Dec 4, 2012
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the boehner plan does that. >> if the boehner plan doesn't specific where his taxes come from. it says unnamed tax loopholes. >> before -- they moved and said listen we're willing to do $8 hurricane katrina billion in deductions not just for scoring. that's a huge concession. where is the president's concession. >> let me ask doug. that's a great point. i don't see the president -- in fact president has become harder line. he was somewhat -- he was somewhat accommodating right after the re-election. he's become harder line. i agree with that point. doug, you know the numbers. once again, i ask you, does boehner's idea of capping upper end deductions work to raise revenues, heaven forbid without damaging the middle class? does it work? >> yes, absolutely it works, and, you know, it's important to recognize we have two different problems. problem number one is the fiscal cliff and threat of recession. raising any more taxes doesn't make any sense. this is politics trumping economic sense. second problem is fixing the debt and there's this debate about how much revenue, how much s
the boehner plan does that. >> if the boehner plan doesn't specific where his taxes come from. it says unnamed tax loopholes. >> before -- they moved and said listen we're willing to do $8 hurricane katrina billion in deductions not just for scoring. that's a huge concession. where is the president's concession. >> let me ask doug. that's a great point. i don't see the president -- in fact president has become harder line. he was somewhat -- he was somewhat accommodating right...
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Nov 16, 2012
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what did traders seem to say as you were getting comments from reid, pelosi, boehner and mcconnell? >> trading's so low on the lower end of the trading range, i mentioned yesterday, scott, 1340. we flirted with it today. 1343 the low in the cash. we bounced from there. bounce levels are 1370, 1395. the fact that we're just shy of that, just means that everyone is a little suspect of what's truly going to happen once these fiscal cliff dialogues ratchet up. i would be a seller of these bounces. >> what a significant pop seeing in the stock market, guys. throw up the dow industrials on an intraday. in fact, throw up all three intraday charts because you're going to see quite a dramatic reversal. the dow industrials up 48 points. highs of the day, again, down 50 to 60 points or so as the wraps wrapping up and positive comments of the leaders in the room with the president today. unless you have a rally on wall street and let's get to washington to the north lawn of the white house where john harwood is. this seemed to go as well as one could hope thus far, at least. >> reporter: i thin
what did traders seem to say as you were getting comments from reid, pelosi, boehner and mcconnell? >> trading's so low on the lower end of the trading range, i mentioned yesterday, scott, 1340. we flirted with it today. 1343 the low in the cash. we bounced from there. bounce levels are 1370, 1395. the fact that we're just shy of that, just means that everyone is a little suspect of what's truly going to happen once these fiscal cliff dialogues ratchet up. i would be a seller of these...
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Dec 28, 2012
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where we are awaiting boehner, pelosi, reid, mcconnell. all the major players to go into the white house, meet with the president, try to get a fiscal deal done. that meeting, 3:00 p.m. eastern time, in other words, in about eight minutes from now. any headline that comes out of it, you will hear first right here on the worldwide leader in business news. all right. let's forget theory for a moment and find out how the cliff may impact real businesses right here in america, so let's reconvene our "street signs" small business all-star panel. joining us president and owner of maria's italian kitchen and a new face to cnbc, david martin from h.j. martin & son in green bay who i met when i walked into his family store this summer and got a tour of the place. david, thank you very much for joining us. madeline, first, are you worried? are you customers going to stop eating at maria's if we go over the fiscal cliff? >> i don't know, brian. i've got my parachute packed. how about you? >> pasta parachute? that's terrible, sorry. >> full of lots of
where we are awaiting boehner, pelosi, reid, mcconnell. all the major players to go into the white house, meet with the president, try to get a fiscal deal done. that meeting, 3:00 p.m. eastern time, in other words, in about eight minutes from now. any headline that comes out of it, you will hear first right here on the worldwide leader in business news. all right. let's forget theory for a moment and find out how the cliff may impact real businesses right here in america, so let's reconvene...
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Nov 16, 2012
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president obama and john boehner almost got a deal in 2011. that's a place to pick up the discussions and i think you saw the president econfident there just winning the election there and house republicans back in the majority in the house and that's the dance to the finish line and i think they will. >> politico talked about whether or not the white house has learned its lesson in going into a room, a bunker, with the speaker, since it didn't work out the way they wanted last time around. do you think the president will be as involved or can he hand this off to someone else to negotiate? >> i think he'll be as involved. i think he'll be involved inside the room and outside of the room. the strategic turn the president made in fall of 2011 after the failure of the talks, he took the case to the public. i don't think he'll stop doing that. he'll try to keep the pressure on say i got mandate to raise taxes for people at the top. if you are willing to accept that, we'll get a deal. >> there code words you'll look for afterwards to see whether or
president obama and john boehner almost got a deal in 2011. that's a place to pick up the discussions and i think you saw the president econfident there just winning the election there and house republicans back in the majority in the house and that's the dance to the finish line and i think they will. >> politico talked about whether or not the white house has learned its lesson in going into a room, a bunker, with the speaker, since it didn't work out the way they wanted last time...
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Sep 6, 2012
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john boehner is so furious he never gets a call. never gets a senior level call from the chief of staff or other relevant people on key issues from the white house. it galls him. he'll think the legislative process through the senate and presidency. neither side cut a deal. both sides are trying to blame the other. the fact is this was set in motion by the 2012 election. house republicans told them if you don't match the increase in the debt you don't get an increase in the debt ceiling. they drove the debate in that direction. that miscalculations led to the country losing the credit rating temporarily and a political crisis we are living with. >> let's talk about the political crisis. apparently bob woodward says in the book that no one is really running washington, d.c. at all. of course we had a credit downgrade because of that last year. we may get another one, precisely because nobody is running washington. >> there is an old saying in washington. if you don't have the votes, you don't have s. and s. doesn't rhyme with squawk.
john boehner is so furious he never gets a call. never gets a senior level call from the chief of staff or other relevant people on key issues from the white house. it galls him. he'll think the legislative process through the senate and presidency. neither side cut a deal. both sides are trying to blame the other. the fact is this was set in motion by the 2012 election. house republicans told them if you don't match the increase in the debt you don't get an increase in the debt ceiling. they...
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Nov 16, 2012
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he meets with harry reid, mitch mcconnell, john boehner and in an say palau and i. in an say pelosi. speaking on on thursday, simpson and bowles said washington hasn't been able to resolve the fiscal cliff because lawmakers haven't been focused on what's right for the country. >> leaders think it would be to their advantage to go off the fiscal cliff. what a wonderful trait that is, that we can win more as democrats if we let it go or more as complains. people are sick of that and they're ashamed of it. >> if we do get our house in order, future of america is really bright. if we don't, we're well on our way it to becoming a second rate power. >> bowles sees a one third chan of a deal during the lame duck session of congress. a one third chance nothing gets done and the economy moves into chaos. let's hear in michael gurhka. the economy moving in to chaos, is that why we're seeing this market action? >> i'm not surprised because on the equity side, it's always about confidence and right now a lot of politicians have not given the market any confidence whatsoever. so
he meets with harry reid, mitch mcconnell, john boehner and in an say palau and i. in an say pelosi. speaking on on thursday, simpson and bowles said washington hasn't been able to resolve the fiscal cliff because lawmakers haven't been focused on what's right for the country. >> leaders think it would be to their advantage to go off the fiscal cliff. what a wonderful trait that is, that we can win more as democrats if we let it go or more as complains. people are sick of that and they're...
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Nov 9, 2012
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speaker boehner will address us. can the president say anything to make this whole week look like a dream? >> that's a tough one. what our lalt friend mark haines used to talk about, we need a capitulation, we need the answer, no, are you kidding? there was a congressman on "squawk" this morning say, yes, don't worry about it. when i hear that i say, no, it's not going to happen. we have to have them worry, as worried as we are. i still see this kind of grover norquist run republican party which would rather not have a tax increase and take the tit titanic down in the name of the country. >> viewers will say, wasn't wednesday a woosh? what qualifies a woosh at this point? in terms of the signs we've seen, isn't that qualified as a woosh. >> you open down and rally between 12 and 1. you get the 10 to 1 ratio. i'm just quoting mark haines. if you saw 20 to 1, you would say, you need to buy it. i need to see hains rules. he called too many huge bottoms using his rules. >> he had seen a few, david, as you know. i think o
speaker boehner will address us. can the president say anything to make this whole week look like a dream? >> that's a tough one. what our lalt friend mark haines used to talk about, we need a capitulation, we need the answer, no, are you kidding? there was a congressman on "squawk" this morning say, yes, don't worry about it. when i hear that i say, no, it's not going to happen. we have to have them worry, as worried as we are. i still see this kind of grover norquist run...
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Nov 9, 2012
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boehner offered an olive branch so to speak. i think you're going to see president obama do the same thing. we've seen a lot of, again, the tech stocks seem to be hit hard here. one of the things i would say to people, if you're not comfortable, sell them out of the money puts. >> deutsche bank's chief strat jit david bianco joins us for wall street's view for markets and the wall street cliff. good to have you. thanks for joining us on halftime. >> thank you. >> it's been a really difficult week in the stock markets. how are you see it here? >> our focus is the dismal so e so if we can get dev dends, we'll see a growth. but we really need to see a compromise that brings a dividend tax rate that goes no higher than 25%. if it goes up to 43.4 or so, that we would take as a big concern. >> are you more or less optimistic now given the results of the election? >> a compromise will be reached. we do not expect to go over the fiscal cliff in the sense of it being triggered. this might go up to the last minute. december 31st may possi
boehner offered an olive branch so to speak. i think you're going to see president obama do the same thing. we've seen a lot of, again, the tech stocks seem to be hit hard here. one of the things i would say to people, if you're not comfortable, sell them out of the money puts. >> deutsche bank's chief strat jit david bianco joins us for wall street's view for markets and the wall street cliff. good to have you. thanks for joining us on halftime. >> thank you. >> it's been a...
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Dec 17, 2012
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why john boehner's plan may go nowhere. plus the first of our fierce competitor specials pitting two big retailers against each other in a battle for your holiday dollars. and 109 years ago today, wilbur and orville wright took flight and we see how big their dream has become. >> trading higher at the last full day -- excuse me, trading week of the year. grinding quietly higher and fairly light trade. here are your interesting fact. seven up days, five down days for both the dow and s&p, the last 12 mondays before the december triple witching. as for the nasdaq, a look at apple. broke below 500 bucks this morn ppg more of that on street talk. but do watch for any close below $500 a share. let's get straight down to the floor of the stock exchange and find out, what is leading this bounce today? what caused it? >> i've had one theme today and it is a simple one. no deal is now off the table. there were fears nothing would happen. we know some kind of deal will occur and we can see it converging. be careful here, mandy. remem
why john boehner's plan may go nowhere. plus the first of our fierce competitor specials pitting two big retailers against each other in a battle for your holiday dollars. and 109 years ago today, wilbur and orville wright took flight and we see how big their dream has become. >> trading higher at the last full day -- excuse me, trading week of the year. grinding quietly higher and fairly light trade. here are your interesting fact. seven up days, five down days for both the dow and...
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Dec 21, 2012
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i think john boehner can do it. if he comes to grips with the fact that he's going to have to take less than 218 in his party. in other words less than majority of majority. work with the president, work with democrats in the house of representatives, and in the united states, and get this done. we've had election. majority still is in the senate. newt gingrich said some years ago in 1998, perfectionist caucus, meaning his republican hard liners, and the american people elected democratic president, in that case bill clinton, democrats and republicans in the senate who don't agree and the american people expect us to make this government work. they still expect that and i think john boehner has now demonstrated in his own party that the only way he can do it, the only way we can do it is in a bipartisan basis. >> what do you think he's going to say at 10:00? any idea? >> i have no idea. i have last night he said, well, now the responsibility son somebody else. that's not true. he's still the speaker of the house, an
i think john boehner can do it. if he comes to grips with the fact that he's going to have to take less than 218 in his party. in other words less than majority of majority. work with the president, work with democrats in the house of representatives, and in the united states, and get this done. we've had election. majority still is in the senate. newt gingrich said some years ago in 1998, perfectionist caucus, meaning his republican hard liners, and the american people elected democratic...
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Apr 27, 2012
04/12
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speaker john boehner has enough. take a listen. >> they expect us to come here and be honest with each other, to work out these issues, and pick this big political fight where there is no fight is just silly. give me a break. >> yeah, i'll give him a break. the student loan thing is a big thing in the budget. >>> we sound off on obama's leadership that may be killing the economy. entitlement on student loans, why isn't anyone fighting it besides me. you won't just find us online, you'll also find us in person, with dedicated support teams at over 500 branches nationwide. so when you call or visit, you can ask for a name you know. because personal service starts with a real person. [ rodger ] at scottrade, seven dollar trades are just the start. our support teams are nearby, ready to help. it's no wonder so many investors are saying... [ all ] i'm with scottrade. departure. hertz gold plus rewards also offers ereturn-- our fastest way to return your car. just note your mileage and zap ! you're outta there ! we'll e-ma
speaker john boehner has enough. take a listen. >> they expect us to come here and be honest with each other, to work out these issues, and pick this big political fight where there is no fight is just silly. give me a break. >> yeah, i'll give him a break. the student loan thing is a big thing in the budget. >>> we sound off on obama's leadership that may be killing the economy. entitlement on student loans, why isn't anyone fighting it besides me. you won't just find us...
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Nov 15, 2012
11/12
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and boehner, speaker john boehner, spoke today and said, wait, just cool your jets. we've got a lot of negotiating to do. they're not going to let that happen. but the stock market may be telling us that the house in checkmate will wind up with a recession from the fiscal cliff. in other words, no deal making means bad recession. is that a scenario -- is that what the market's telling us? >> i think you're dead on. if you look at what's happened, real incomes have fallen much more during the recovery than they did during the preceding recession. 4.8% down versus 2.7% down. unemployment is higher now than when the president first took office. what's made people feel good is a rising stock market. they felt wealthier. now with all these big tax increases coming on on capital gains and dividends, people don't feel that anymore. the significance of this poll, larry, is it's the first poll taken after the election. and the rhetoric has been very strong, also from harry reid. remember, when it looked like romney might win, he said there's going to be in reaching across the
and boehner, speaker john boehner, spoke today and said, wait, just cool your jets. we've got a lot of negotiating to do. they're not going to let that happen. but the stock market may be telling us that the house in checkmate will wind up with a recession from the fiscal cliff. in other words, no deal making means bad recession. is that a scenario -- is that what the market's telling us? >> i think you're dead on. if you look at what's happened, real incomes have fallen much more during...
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Nov 7, 2012
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it definitely worsened after boehner spoke. go ahead, doug. >> i think it's going to take a significant tax increase to offset the differences between relative valuation between bonds and stocks. i don't think the president has any kind of -- has any idea of that kind of increase in mind. so the differential remains huge. i would add maybe the one thing that's changed a little bit is the u.s. has to take its tough medicine. tough medicine is we have to deal with issues like austerity and budgets and taxes. that's what europe has gone through the last three or four years. my guess is going forward this is the opportunity for europe to outshine the u.s. not that the u.s. will be a bad place to be, but incrementally, i think europe really looks good post-election. >> europe is going to outshine the u.s., huh? >> only because people are expecting such terrible things out of europe that when you expect terrible and you get, you know, so-so, that's an upside surprise any way you look at it. >> all right. we'll leave it there. gentlem
it definitely worsened after boehner spoke. go ahead, doug. >> i think it's going to take a significant tax increase to offset the differences between relative valuation between bonds and stocks. i don't think the president has any kind of -- has any idea of that kind of increase in mind. so the differential remains huge. i would add maybe the one thing that's changed a little bit is the u.s. has to take its tough medicine. tough medicine is we have to deal with issues like austerity and...
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Dec 13, 2012
12/12
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john boehner is the president's partner at this point. he can't wait for two years for a resolution of this problem. it would be damaging for the markets, for the economy. >> everybody, yeah. >> if this thing drifts for two years. certainly the president would like to have a democratic house, but he doesn't have one right now. he's not going to have one for some time, probably not going to have one after the 2014 elections. >> no? >> so i think this president is focused on trying to get john boehner and republicans to come his way on tax rates which is a position that's popular with the american public as our nbc/"wall street journal" poll showed this week and then get to the end stage bargaining on spending. >> so who prompted this meeting, john? you said there's a real shakeup, you're hearing about a shakeup. who prompted the meeting? was it the president or john boehner? >> reporter: i don't know that yet. i infer from what i heard about a shakeup being required that the speaker might have done it, but i don't know that yet. >> okay. w
john boehner is the president's partner at this point. he can't wait for two years for a resolution of this problem. it would be damaging for the markets, for the economy. >> everybody, yeah. >> if this thing drifts for two years. certainly the president would like to have a democratic house, but he doesn't have one right now. he's not going to have one for some time, probably not going to have one after the 2014 elections. >> no? >> so i think this president is focused...
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Dec 10, 2012
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we have a bright side yesterday when john boehner came here to the white house. house speaker to talk to president obama. first individual one on one meeting since the election and that meeting and some other signals that have been sent publicly by both parties have caused some noted skeptics of us getting a fiscal cliff deal. >> i think the atmospherics are getting so much better. we've gotten out after ka bookie theater and gone to dancing the tango with those two guys. any time you start to tango, you have a chance. >> chances of getting it done now are better. i think that's what's key. >> part of that tango is republicans cracking on tax rates. that's what president obama will be talking about in michigan today. keeping the public pressure on. but the part for the administrator point of view, tyler, is what do they live john boehner so he can bring his troops along, entitlement, spending cuts, to tell their members we got a good deal. >> john, i find it curious to find that president spent as much time as he has on the road trying to drum up support for this
we have a bright side yesterday when john boehner came here to the white house. house speaker to talk to president obama. first individual one on one meeting since the election and that meeting and some other signals that have been sent publicly by both parties have caused some noted skeptics of us getting a fiscal cliff deal. >> i think the atmospherics are getting so much better. we've gotten out after ka bookie theater and gone to dancing the tango with those two guys. any time you...
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Dec 17, 2012
12/12
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john boehner today making an official offer on a fiscal cliff deal. of course, that offer includes higher tax rates. now, i understand this offer is for only those who earn more than $1 million each year. where that number ends is not that important in this case. of course, the president is seeking to $250,000, but the fact that boehner has given up the sacred cow of never raising tax rates on anybody is actually quite significant. now, democrats must kill off their own sacred cows. the president should make it clear that cuts to medicare and social security are, in fact, on the table. forget the likely truth that boehner does not have the votes to pass any kind of rate increase without serious spending cuts. but more importantly, america needs to face facts. our tax revenue is not the driver of our spiraling debt. which now, of course, tops $1 trillion a year, for four years going. it is our spending. and it is our entitlement spending that is the biggest culprit. and there is almost no reasonable way to get enough tax revenue to fix this problem. wi
john boehner today making an official offer on a fiscal cliff deal. of course, that offer includes higher tax rates. now, i understand this offer is for only those who earn more than $1 million each year. where that number ends is not that important in this case. of course, the president is seeking to $250,000, but the fact that boehner has given up the sacred cow of never raising tax rates on anybody is actually quite significant. now, democrats must kill off their own sacred cows. the...
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Dec 1, 2012
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and john boehner says we're at a stalemate. and president obama himself is kind of getting ugly about this enemy's list. we've seen this before from him. my proposal is, republicans have to come with a counter offer. right now. there's no point in blasting obama. just a counter offer. i want to read from today's newspaper. this is what mitch mcconnell said. "higher medicare premiums for the wealthy, an increase in the medicare eligibility age, and a slowing of costs of living increases for programs like social security. and then republicans would agree to include more tax revenue in the deal but not from higher tax rates." now, let's just look at this for a second. we'll go to you first, nan. he wants medicare eligibility, he wants medicaid reforms, he wants spending cuts. then he'll talk revenues. that seems reasonable to me. is he going to do it? will the republicans come back with their own counter offer? >> well, certainly larry those are elements of a long-term approach to our enormous debt. it's a crushing debt. it hams o
and john boehner says we're at a stalemate. and president obama himself is kind of getting ugly about this enemy's list. we've seen this before from him. my proposal is, republicans have to come with a counter offer. right now. there's no point in blasting obama. just a counter offer. i want to read from today's newspaper. this is what mitch mcconnell said. "higher medicare premiums for the wealthy, an increase in the medicare eligibility age, and a slowing of costs of living increases for...
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Dec 11, 2012
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boehner's already said he put revenue on the table. read the bob woodward book, the price of politics. it showed that boehner went much further than any republican has been willing to go when it comes to revenue and funding the government. the second issue when it comes to president obama saying we want to return back to the clinton era rates, it wasn't the rates that netted government revenue. it was unprecedented economic growth in the tech bubble. so the brilliance of this -- >> and no war. >> well, that's -- that's the rate question. the income to government. spending side of the equation. if we simply return back to the spending rates as a percentage of our economy of the clinton era, this thing would be fixed like that. >> that's what we keep hearing. anyway, representative, good to have you on the program. >> thanks for having me. >> can't wait to hear what the traders have to say about this. "fast money halftime report" with scott wapner and the crew begins right now. >>> all right, brian and thanks so much. welcome to "halftim
boehner's already said he put revenue on the table. read the bob woodward book, the price of politics. it showed that boehner went much further than any republican has been willing to go when it comes to revenue and funding the government. the second issue when it comes to president obama saying we want to return back to the clinton era rates, it wasn't the rates that netted government revenue. it was unprecedented economic growth in the tech bubble. so the brilliance of this -- >> and no...